Category Archives: Macroeconomics

Learning from the Past, Part 3

I wish I could tell you that it was easy for me to stop making macroeconomic forecasts, once I set out to become a value investor.  It’s difficult to get rid of convictions, especially if they are simple ones, such as which way will interest rates go? In the early-to-mid ’90s, many were convinced that […]

Talking About Value Investing and Fed Policy

Here is the second part of my interview on RT Boom/Bust. It was recorded while the FOMC was releasing its statement, so I had no idea at that time as to what the announcement had been. The interview covers my view of Apple (not one of my strong points), Fed Policy, and what should value […]

Redacted Version of the January 2015 FOMC Statement

December 2014 January 2015 Comments Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Shades GDP up. This is another overestimate […]

Learning from the Past, Part 2

Happy New Year to all of my readers. May 2015 be an enriching year for you in all ways, not just money. This is a series on learning about investing, using my past mistakes as grist for the mill.  I have had my share of mistakes, as you will see.  The real question is whether […]

Redacted Version of the December 2014 FOMC Statement

October 2014 December 2014 Comments Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. No change. This is another overestimate by the […]

Have Your Cake, Eat It Too, And End Up With Only Crumbs

Beware when the geniuses show up in finance. “I can make your money work harder!” some may say, and the simple-minded say, “Make the money sweat, man!  We have retirements to fund, and precious little time to do it!” Those that have read me for a while will know that I am an advocate for […]